Planning Your Business with the End in Mind

An exit strategy is an important part of any business plan and can be the difference between success and failure. What is an exit strategy? An exit strategy is a plan for how you will sell your business or transition out of it. It is important to have an exit strategy...

How To Calculate Your Startup Cost

If you have your mind set on starting your own business, you need to understand how much money is required. Many a promising entrepreneur fails because they don’t understand what is needed during the initial lean years. Taking the time to realistically calculate...

Creating Your Business Plan And How To Leverage It

When creating your business plan, take time to think about important elements of your company. Doing so not only allows you to reflect on your objectives and opportunities, it also helps financers and investors understand your vision. Articulating a clear business...

The Importance of Market Research and Competitive Analysis

Discovering your niche in the small business world can be difficult; however, when you start a business, you can use market research and competitive analysis to be more strategic. Market research focuses on the ideal customers for your product and services, while...
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